Well I’m not going to get ahead of myself but when I look for stocks I run a lot of peer comparisons with others in the sector.
There is no way this stock won’t run. Not if both AUZ and CLQ continue to move up.
When AUZ ran their last presentation they had a slide showing peer comparison with the leader of the pack being CLQ. Of course they wouldn’t add ARL in there because our resource dwarfs theirs. See below.
Compare this to ARL’s resource.
Now the cutoff grades for the large 773 million tonne resource are obviously lower grade but when you focus on the higher grade zone we are still well behind.
Absolute bargain and this is what had me pulling the trigger first thing this morning and also why I added to that position during the day.
I’ll be watching with interest to see how much cash AUZ secure when they come out of their trading halt. There aren’t many cobalt plays available on the ASX. I figured holding the one which appeared fundamentally the cheapest on a peer comparison basis was the way to go. I didn’t mind the fact that we have Australia’s and the developed worlds largest cobalt resource either.
- Forums
- ASX - By Stock
- ARL
- Ann: September 2017 Quarterly Activities and Cashflow Report
Ann: September 2017 Quarterly Activities and Cashflow Report, page-67
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARL (ASX) to my watchlist
(20min delay)
|
|||||
Last
50.5¢ |
Change
0.025(5.21%) |
Mkt cap ! $100.8M |
Open | High | Low | Value | Volume |
49.0¢ | 52.0¢ | 48.5¢ | $19.80K | 39.06K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2464 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4 | 0.480 |
3 | 20212 | 0.465 |
1 | 2000 | 0.460 |
1 | 2000 | 0.450 |
1 | 2222 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 50950 | 1 |
0.560 | 15000 | 1 |
0.595 | 6009 | 1 |
0.605 | 4789 | 1 |
0.620 | 3225 | 1 |
Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
Featured News
ARL (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online